China holds one-year benchmark lending rate, but mortgage reference rate cut amid economic slowdown

China holds one-year benchmark lending rate, but mortgage reference rate cut amid economic slowdown

China holds one-year benchmark lending rate, but mortgage reference rate cut amid economic slowdown


China held its one-year loan prime rate (LPR), the People’s Bank of China (PBOC) said on Friday, but cut the five-year LPR used as a reference for mortgages.

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